J.P. Morgan’s New Global Payments System Goes Live

J.P. Morgan's Treasury Services business announced today it has gone live with the first phase of enhancements to its international mass payments operating platform.

The New York-based financial institution says the improvements will deliver immediate benefits to clients using its Global ACH service, such as later cut-off times for receipt of payment instructions and intelligent routing which automatically selects the most expeditious route if a cut-off is missed.

J.P. Morgan's Global ACH provides a single gateway for high volume multicurrency payments and collection services across multiple regions. Clients will also now have access to full SEPA credit and debit services from J.P. Morgan accounts domiciled in Belgium, France, Germany, Ireland, Italy, Netherlands, Spain, Switzerland and the UK.